HouseCharlotte is a
program that provides down-payment assistance for qualified buyers in select "challenged," "transitioning," or "stable" neighborhoods. Property must be located in one of 87 approved Charlotte Neighborhood Statistical Areas. The HouseCharlotte program is being adminstered by The Housing Partnership. For more information e-mail HouseCharlotte@cmhp.org or call 704-705-3999.

Who is eligible for this program?

Family income must not be greater than 110% of the regional median income.
Funds may be used for the down-payment, closing costs, points buy-down, or to pay medical bills in collection.

Household Income Limit: $
96550
Is this program for first time buyers only?
No

Property Eligibility Requirements

Property must be located in one of 87 designated neighborhoods in the city of Charlotte.
The sales price cannot exceed $
147000.

Benefit Details

Deferred payment, forgiveable loan to pay the down payment, closing costs, or points buy-down on proeprty in an eligible neighborhood. Maximum assistance of $10,000 to purchase in a "challenged" neighborhood, or $7,500 to purchase in a 'transitioning" or "stable" neighborhood. Employed police officers who purchase in designated neighborhoods may receive maximum assistance of $15,000.

Benefit:

Forgiveable loan for down payment, closing costs, or points buy-down.

Loan Term:

10 years

Homebuyer Counseling /Education Required:

Yes

Owner Occupancy Required:

Yes

Other Program Comments:

Home inspection is required, and is paid for by HouseCharlotte. Application is made through approved lenders.

Please note: Every attempt is made to reflect
accurate and up to date information on housing programs displayed
on this site. Some inaccuracies may exist. For verification contact
a certified REALTOR member.

For more information about this and other homebuyer programs please
contact one of the following: